Tehran Housing Deals Surveyed

New data released by the Central Bank of Iran on Tehran’s housing market show a total of 6,834 homes were sold in the capital city during the 12th month of last fiscal year (Feb. 20-March 20), registering a decrease of 19.9% compared with the preceding month but a 29.6% increase compared with the same month of last year. 
The CBI data show that the average price of each square meter of a residential property in Tehran stood at 351.2 million rials ($1,295) during the month under review, registering a 16% rise over the preceding year’s same month, when average prices stood at 302.75 million rials ($1,117). 
Home prices in the capital city increased by 6.2% compared to 330.56 million rials ($1,219) in the 11th month of the year. 
During the month ending March 20, residential properties up to five years old constituted the biggest proportion of deals at 32.5% (or 2,219 deals), down by 5.9 percentage points compared with the same month of last year.